Demand For Key Types of Railway Cars Falls Amid Declining Output

Orders for new railway tank cars fell 70% sequentially, data shows

Declining output from shale-oil fields cut demand for key types of railroad cars, new data shows, the latest sign of the fallout from lower oil prices.

Buyers ordered 4,470 new railway tank cars during the quarter ended March 31, down 6% from a year earlier and about 70% from the 14,964 tank cars ordered during the fourth quarter, according to the Railway Supply Institute, a Washington-based trade group.